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From: Tamas Blummer <tamas.blummer@gmail.com>
To: Gregory Maxwell <greg@xiph.org>,
	Bitcoin Protocol Discussion
	<bitcoin-dev@lists.linuxfoundation.org>
Cc: Amine Chakak <aminechakak@gmail.com>
Subject: Re: [bitcoin-dev] BIP - Symbol for satoshi
Date: Thu, 7 Mar 2019 11:57:03 +0100	[thread overview]
Message-ID: <DBAB8994-A383-46F9-9DB8-86CED4324818@gmail.com> (raw)
In-Reply-To: <CAAS2fgQtfq_4QL8-N8y8Z8y-dBOWQVT7_DPXdZJfsQTjvaaoUA@mail.gmail.com>

It is highly unikely that non-engineers will adopt scientific notation or mili/nano/pico prefixes for money. 

All common currencies either have no change or one that is 1/100 of the base unit. 
This is the convention that practically all existing finance software and non-Bitcoin related UI that deals with money assumes.

Ignoring evident cultural preference and all pre-existenting finance related software is blatant Bitcoin engineering blindness.

We already had a BIP for bits, which I support for above reasons. https://github.com/bitcoin/bips/blob/master/bip-0176.mediawiki

Tamas Blummer

> On Mar 7, 2019, at 00:35, Gregory Maxwell via bitcoin-dev <bitcoin-dev@lists.linuxfoundation.org> wrote:
> 
> On Wed, Mar 6, 2019 at 12:32 AM Amine Chakak via bitcoin-dev
> <bitcoin-dev@lists.linuxfoundation.org> wrote:
>> The idea has been floated around to switch to satoshi as a base unit.
> 
> If Satoshi wanted the currency units named after him, he would simply
> have done it. I think this behaviour seems creepy and is harmful to
> Bitcoin.
> 
>> The lightning network uses satoshis as a base unit.
> 
> It absolutely does not. Lightning uses units of 10 picobitcoin (1e-11
> btc), which is significantly smaller.
> 
>> Pleas let me know if it would be appropriate to write a BIP for it.
> 
> Please don't.
> _______________________________________________
> bitcoin-dev mailing list
> bitcoin-dev@lists.linuxfoundation.org
> https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev



  parent reply	other threads:[~2019-03-07 10:57 UTC|newest]

Thread overview: 5+ messages / expand[flat|nested]  mbox.gz  Atom feed  top
2019-02-23 22:10 [bitcoin-dev] BIP - Symbol for satoshi Amine Chakak
2019-03-06 23:35 ` Gregory Maxwell
2019-03-06 23:59   ` Amine Chakak
2019-03-07 10:57   ` Tamas Blummer [this message]
2019-03-07 18:10   ` Federico Tenga

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